{quote} pluse i choose this trade because of price action resons too .
just like in Post#2 training chart
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,721
- Jan 26, 2023 4:31am Jan 26, 2023 4:31am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
just like in Post#2 training chart
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- #137,722
- Jan 26, 2023 4:40am Jan 26, 2023 4:40am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,723
- Jan 26, 2023 4:41am Jan 26, 2023 4:41am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #137,724
- Jan 26, 2023 4:44am Jan 26, 2023 4:44am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
...{quote} - Put those observations into trades. - After you have place a trade use Vincent price action advice (you know those fancy funny words) to describe the candle pattern for that entry. (Remember the question> Can you show readers how Vincent helped you) ------ Here are three trades where BigE post's has help me with clear cut advice. > Did TDI green crossed red with an angle above below 2/4 === Yes > Is Stoch confirming the direction of TDI green === Yes > Basic price action from Post#647
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,725
- Jan 26, 2023 5:54am Jan 26, 2023 5:54am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #137,726
- Jan 26, 2023 8:34am Jan 26, 2023 8:34am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
<p>{quote} i wish it would be as easy as possibble . emmanuel remind me many things like use higher time frame and teach me some reversal price action i teach every day here . by the way i tradr audjpy buy
You confused “easy” with “simple”.
One example from my profession. COVID PCR test is so simple that you can do it with 3 bowls of hot to cold waters at home (literally how it was done years ago), but it is difficult to make it right that it requires a dedicated machine and a certified technician to carry out the experiment.
Same for TMS. The rules are simple but traders like to make it complicated instead of focusing on executions.
but you do you. It is your time and money to waste. Trade safe. Just a heads up on the risk you are following.
- #137,727
- Jan 26, 2023 8:43am Jan 26, 2023 8:43am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Because no news is mentioned in post's does not mean calendar events are ignored. They have no impact on trading when you follow BigE's advice: Post#779.......... I depend on the TDI for signals... then as I posted I look for the BASIC things a fx trader should look for before entering a trade. News... hummm... It can have a big effect on the 5/15/30 minute charts and 1 hour too at certain times. While trading the 4hr charts I don't pay much attention to it UNLESS IT'S a MAJOR news release... If it's major (red on FF Calendar) I'll wait...
Now as I am charting and trading at lower frequency and using alerts, I prefer to avoid news time. Although it is not a rule of the trading method or the prop firm account type, I just don’t. US major news time are usually 8-9pm (NFP, etc) or 1-2am (FOMC) my time.
good to trade at no news days for overnight trades too for those in Asia. My 2 trades last month and one was overnight position and closed manually when price did not reach TP the next morning
- #137,728
- Jan 26, 2023 8:51am Jan 26, 2023 8:51am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} too much trades, need quality trades, instead of trading every signal
post #647
Previous highs and lows
Trend
rejections at previous price levels.
Develop an alert system can reduce your charting time by only trading the TDI crosses meeting the criteria.
- #137,729
- Jan 26, 2023 9:13am Jan 26, 2023 9:13am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
Been taking time off from trading and work. Last year was great with trading and work bonus. Haven’t traded since Dec19 and be back next week. Exchanged some JPY cash when price retested previous low. TMS trading for actual cash useNow spending JPY in Japan means a >5% discount on anything (plus 10% tax back for foreigners, etc) {image}{image}
trade well
- #137,731
- Jan 26, 2023 9:25am Jan 26, 2023 9:25am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} I see you are falling into the pitfall of holy grail seeking, thinking a complicated method is better than a simple method. You confused “easy” with “simple”. One example from my profession. COVID PCR test is so simple that you can do it with 3 bowls of hot to cold waters at home (literally how it was done years ago), but it is difficult to make it right that it requires a dedicated machine and a certified technician to carry out the experiment. Same for TMS. The rules are simple but traders like to make it complicated instead of focusing...
the 2022 fake trader who uses photoshop editing to create winning trades from losing trades on MT4 charts is back.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,732
- Jan 26, 2023 9:33am Jan 26, 2023 9:33am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} Other then you here on this thread there is no awareness of calendar events.I find that weird like mechanic without tools. Any system that doesn't factor events and their impact on price is irrelevant to me. regards
"Any system that doesn't factor events and their impact on price is irrelevant to me."
we do have a lot of rookie traders here who talk like experts
and the recent one @tommydoginti with less than 2 years trading experience is posting fake photoshop edited charts.
we have called out other fake traders here in the past many years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,733
- Jan 26, 2023 9:38am Jan 26, 2023 9:38am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} first of all thanks alot . holy grill not at all but i dont think use only tms may not win and i need price action to choose beetween signsls . more than strategy i have serious problem in tp and really confused
you have many more years trading experience than the fake trader @tommydoginti.
you know better what will work for you.
with your experience with MT4 charts you will be able to spot fake trades using photoshop editing tool.
example like this below:
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,734
- Jan 26, 2023 9:43am Jan 26, 2023 9:43am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} Good powder in Japan. Probably good timing to shop before heading back. trade well {image}{image}
please read @Tekkies recent posts.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,736
- Jan 26, 2023 10:24am Jan 26, 2023 10:24am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} Because no news is mentioned in post's does not mean calendar events are ignored. They have no impact on trading when you follow BigE's advice: Post#779.......... I depend on the TDI for signals... then as I posted I look for the BASIC things a fx trader should look for before entering a trade. News... hummm... It can have a big effect on the 5/15/30 minute charts and 1 hour too at certain times. While trading the 4hr charts I don't pay much attention to it UNLESS IT'S a MAJOR news release... If it's major (red on FF Calendar) I'll wait...
You have finally read Big E' Post#779. Most of your big losers were hit by major news.
Will you make the transition to trade the 4H charts starting next week?
You have high probability to recover from that 387 trades losses and MARGIN CALL would be good.
Just look at the recent weeks of bull rally and you missed the buy opportunities.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,738
- Jan 26, 2023 10:40am Jan 26, 2023 10:40am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,739
- Jan 26, 2023 10:43am Jan 26, 2023 10:43am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,740
- Jan 26, 2023 10:47am Jan 26, 2023 10:47am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} TMS EVO_2023 PREVIEW trades closed Jan 16 to 20 - the three amigos AU, EU and GU - there are different ways to achieve Big E' Post #557 and #7555 to make an average $1000 per day over a longer period of 36 months. Do not look for short term get rich quick type gambling. - learn from other traders. Like @Davit in his Pivot Trading thread, learn to trade small positions spread over many entries....
- the three amigos AU, EU and GU
- just closed my last GU basket
- with AU and EU open basket to run
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett